Deutsche Bank is rolling out core technology from Tata Consultancy Services (TCS) across its Global Transaction Banking (GTB) business.
Deutsche Bank will replace a range of systems with TCS BaNCS Core+ Banking as part of an overhaul of its transaction banking platform in more than 30 countries. GTB's branch in Abu Dhabi has already migrated to the new system.
The platform's functionality covers account services, interest and charges, limits and facilities, liquidity management, funds transfer and payments, statements and risk management and reporting.
Wolfgang Gaertner, CIO, core banking, Deutsche Bank, says: "State-of-the-art information technology is crucial for a bank and for its clients. That is why we are investing in cost-efficient platforms to push for a high degree of industrialization, standardization of processes and to support business growth."